Average Personal Financial Advisors Salary in Utica-Rome, NY
Yes, Utica-Rome, NY is a highly lucrative market for Personal Financial Advisorss. With an average annual salary of $177,190, professionals here earn significantly more than the national norm.
Executive Summary
- Average Salary: $177,190 per year.
- Growth Trend: Salaries have shifted 16.1% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $265,785.
- Outlook: The current demand for Personal Financial Advisorss is stable, with a local workforce of approximately 120 professionals. This role remains a specialized component of the broader Utica-Rome, NY economy.
Salary Overview
The average Personal Financial Advisors in Utica-Rome, NY earns+10.5%above the national average.
$85.2
$3,408
$14,766
Personal Financial Advisors Salary Trends (2020-2024)
Over the past 4 years, Personal Financial Advisors salaries in Utica-Rome, NY have shown healthy growth of 16.1%. This positive trajectory often correlates with increased demand and a favorable future outlook for the profession.
Personal Financial Advisors Salary Distribution in Utica-Rome, NY
The earning potential for Personal Financial Advisorss in Utica-Rome, NY varies significantly by experience level. There is a substantial income gap, with top earners (90th percentile) making over 5.2x the starting salary. This indicates strong career progression opportunities. Entry-level roles (10th percentile) typically start around $50,700, while highly experienced professionals can command wages upwards of $265,785.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $50,700 | $24.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $132,893 | $63.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $129,930 | $62.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $221,488 | $106.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $265,785 | $127.8 |
Detailed Personal Financial Advisors Market Analysis
Relocation Context
Nominal Salary
$177,190
Gross Pay
Real Wage (Purchasing Power)
$177,190
Adjusted for COL (100)
In Utica-Rome, NY, the Cost of Living Index is 100. This increases your effective purchasing power from $177,190 to $177,190.
Job Market Context
120
Total Jobs
0.994
Per 1K Jobs
0.57
Location Quotient
Utica-Rome, NY has 0.57x the national average concentration of Personal Financial Advisors jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.
120 people work as Personal Financial Advisors in Utica-Rome, NY.
Only 0.994 out of every 1,000 local jobs are Personal Financial Advisors roles — this is a niche profession in the area.
Nearby Job Markets
Nearby Cities for Personal Financial Advisors
| City | Salary | Dist. |
|---|---|---|
| Syracuse, NY Personal Financial Advisors Salary | $144,720↓ 18% | 46 mi |
| Southwest New York nonmetropolitan area Personal Financial Advisors Salary | $151,080↓ 15% | 66 mi |
| Central East New York nonmetropolitan area Personal Financial Advisors Salary | $154,830↓ 13% | 66 mi |
| Capital/Northern New York nonmetropolitan area Personal Financial Advisors Salary | $151,470↓ 15% | 66 mi |
Comparing salaries near Utica-Rome, NY
Hiring Personal Financial Advisorss?
Frequently Asked Questions
How much does a Personal Financial Advisors make in Utica-Rome, NY?
The median annual salary for a Personal Financial Advisors in Utica-Rome, NY is $177,190. This typically ranges from $50,700 for entry-level positions to $265,785 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Utica-Rome, NY is 10.5% higher than the national median of $160,360.
Is Utica-Rome, NY a good place for Personal Financial Advisorss?
Yes, Utica-Rome, NY is financially attractive for Personal Financial Advisorss. The average salary of $177,190 exceeds the national average. See distinct detailed breakdown below.
Is Utica-Rome, NY a good place to live for Personal Financial Advisors?
The Cost of Living Index in Utica-Rome, NY is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Utica-Rome, NY?
Some top paying nearby cities include Syracuse, NY ($144,720) and Southwest New York nonmetropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 120 employees in the Utica-Rome, NY area with a job density of 0.994 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Personal Financial Advisors • Data source: BLS OEWS 2024 •Jobs in Utica-Rome, NY